New Hampshire Exclusive Field of Use License Agreement

• Category: Contracts - Field of Use
• State: Multi-State
• Control #: US-0995BG
• Format: Word; Rich Text

Description

Field of use license is a license to rights in intellectual property which is limited to a defined use and provides the licensor greater control over the use of intellectual property. A field-of-use license does not have the right to all uses of the licensed technology. Such a licensee can avail only a subset of those uses. The scope of the license could be limited by a general field of use or a very specific field of use and the licensor has freedom to work with other companies on other uses. In general, any technology that has multiple, distinct uses like those in the fields of electrical engineering, computer, chemical, and health care areas may be appropriate for field of use licensing. The field of use can be limited in the actual license agreement by adding in the grand clause, a phrase that delineates the field. New Hampshire Exclusive Field of Use License Agreement is a legally binding contract that grants exclusive rights to a licensee to use a specific field or industry for a particular purpose. This agreement is commonly used in commercial transactions to facilitate the transfer of intellectual property, such as patents, copyrights, or trademarks, while limiting the scope of use to a specific field. The Exclusive Field of Use License Agreement in New Hampshire ensures that only the licensee has the right to utilize the licensed intellectual property within the designated field or industry for a specified period. This means that the licensor, who is the owner of the intellectual property rights, will not be able to grant similar exclusivity to any other party within the same field during the agreement's duration. There are various types of Exclusive Field of Use License Agreements that can be tailored according to the specific needs and circumstances of the parties involved. Some common variations include: 1. Exclusive Field of Use Patent License Agreement: This agreement grants the licensee exclusive rights to use a patented invention within a specific field or industry. It ensures that the licensor cannot grant licenses to other parties for the same field during the agreement's term. 2. Exclusive Field of Use Trademark License Agreement: This agreement grants the licensee exclusive rights to use a specific trademark within a designated field or industry. It allows the licensee to prevent others from using the same or similar marks in that field. 3. Exclusive Field of Use Copyright License Agreement: This agreement grants the licensee exclusive rights to use copyrighted material within a particular field or industry. It ensures that the licensor will not authorize similar uses by others within the designated field. The New Hampshire Exclusive Field of Use License Agreement includes key provisions such as the scope of the exclusive field, the duration of exclusivity, royalty payments or other financial considerations, dispute resolution mechanisms, confidentiality, and limitations on sublicense rights. It is important for the parties involved to carefully draft and negotiate the terms of the agreement to clarify the permitted use within the exclusive field, as well as any restrictions or obligations. Seeking the advice of an experienced intellectual property attorney is highly recommended ensuring compliance with New Hampshire laws and to protect the rights and interests of both the licensor and licensee.

New Hampshire Exclusive Field of Use License Agreement is a legally binding contract that grants exclusive rights to a licensee to use a specific field or industry for a particular purpose. This agreement is commonly used in commercial transactions to facilitate the transfer of intellectual property, such as patents, copyrights, or trademarks, while limiting the scope of use to a specific field. The Exclusive Field of Use License Agreement in New Hampshire ensures that only the licensee has the right to utilize the licensed intellectual property within the designated field or industry for a specified period. This means that the licensor, who is the owner of the intellectual property rights, will not be able to grant similar exclusivity to any other party within the same field during the agreement's duration. There are various types of Exclusive Field of Use License Agreements that can be tailored according to the specific needs and circumstances of the parties involved. Some common variations include: 1. Exclusive Field of Use Patent License Agreement: This agreement grants the licensee exclusive rights to use a patented invention within a specific field or industry. It ensures that the licensor cannot grant licenses to other parties for the same field during the agreement's term. 2. Exclusive Field of Use Trademark License Agreement: This agreement grants the licensee exclusive rights to use a specific trademark within a designated field or industry. It allows the licensee to prevent others from using the same or similar marks in that field. 3. Exclusive Field of Use Copyright License Agreement: This agreement grants the licensee exclusive rights to use copyrighted material within a particular field or industry. It ensures that the licensor will not authorize similar uses by others within the designated field. The New Hampshire Exclusive Field of Use License Agreement includes key provisions such as the scope of the exclusive field, the duration of exclusivity, royalty payments or other financial considerations, dispute resolution mechanisms, confidentiality, and limitations on sublicense rights. It is important for the parties involved to carefully draft and negotiate the terms of the agreement to clarify the permitted use within the exclusive field, as well as any restrictions or obligations. Seeking the advice of an experienced intellectual property attorney is highly recommended ensuring compliance with New Hampshire laws and to protect the rights and interests of both the licensor and licensee.